Prologis, Inc. $PLD Position Lifted by PGGM Investments

PGGM Investments increased its stake in Prologis, Inc. (NYSE:PLD) by 29.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,538,946 shares of the real estate investment trust’s stock after buying an additional 574,387 shares during the period. Prologis accounts for about 5.1% of PGGM Investments’ portfolio, making the stock its 2nd largest position. PGGM Investments owned 0.27% of Prologis worth $324,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Harbour Investments Inc. increased its stake in Prologis by 121.6% in the 4th quarter. Harbour Investments Inc. now owns 25,233 shares of the real estate investment trust’s stock worth $3,221,000 after buying an additional 13,848 shares during the period. Allstate Corp grew its holdings in Prologis by 145.7% during the 4th quarter. Allstate Corp now owns 106,709 shares of the real estate investment trust’s stock worth $13,622,000 after acquiring an additional 63,272 shares in the last quarter. MSH Capital Advisors LLC grew its holdings in Prologis by 10.9% during the 4th quarter. MSH Capital Advisors LLC now owns 6,669 shares of the real estate investment trust’s stock worth $851,000 after acquiring an additional 656 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Prologis by 150.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,719 shares of the real estate investment trust’s stock worth $730,000 after acquiring an additional 3,433 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Prologis by 15.9% during the 4th quarter. Fisher Asset Management LLC now owns 16,891 shares of the real estate investment trust’s stock worth $2,156,000 after acquiring an additional 2,311 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $137.00 to $162.00 in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Evercore set a $135.00 target price on shares of Prologis in a report on Friday, April 17th. Truist Financial increased their target price on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Scotiabank increased their target price on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.76.

Prologis Stock Up 0.1%

NYSE:PLD opened at $146.05 on Tuesday. Prologis, Inc. has a fifty-two week low of $103.02 and a fifty-two week high of $146.27. The stock has a market capitalization of $136.17 billion, a P/E ratio of 36.79, a P/E/G ratio of 3.21 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company’s 50-day simple moving average is $138.14 and its 200-day simple moving average is $133.58.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the business earned $1.43 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.